Hey gang,
So far, the best offer I’ve received on a 2017 Jetta SE manual is:
24/15k
$21,715 MSRP
$17515 Net Cap Cost
0.0001 MF
59% Residual
$218/month, $0 down.
My understanding is that there is $1750 lease cash available this month, and this quote includes a $500 grad bonus. That means the discount on the car is about $2000, or 10%.
This lease passes the 1% rule, but is it actually a good deal?
Good deal for 24 months. Have you considered 36 months? It should come out much cheaper.
I was quoted $186/month for 36/15k. My concern is that the last 9k miles would be on an out of warrrenty car, and I really do need 13k-14k miles per year.
Makes sense. I think that’s about as good as you can get it, so if you like the car then go for it!
Somewhat speculating at this point, but with the recently approved TDI buyback (diesel scandal) there is alot of hinting for very strong factory incentive/program support in November and December to try and keep those owners in VW’s. I have an affected car so I have been following this since it broke in September.
Personally I would wait, as even if that falls through the better deals usually come in Nov and Dec anyway because of the added pressure of the year closing.
Hi Everyone,
I’m new here so please pardon me if this is the wrong place to ask this question. I, too, am looking at a 2017 Jetta SE but automatic, not manual. This is the deal I have now:
36 mo./15k mi.
MSRP - $23,315
Selling price - $20675
Gross Cap Cost - $22,372 (this includes $680 of end lease fees)
Net Cap Cost - $22,041
Residual - $12,124
Total due at signing - $635
$289/mo
$304/mo including tax
What do you think?
Thanks!
I’m really skeptical about the prospect of special markdowns because the buyback. I think they’ll do some targeted incentives aimed at buyback customers, but I’ll be surprised if they offer them to everyone.
Sfs, that’s too much money for that car. You should be significantly below that. Even the “meh” offers I got were $215 a month, zero down for your terms.
It’s somewhat plausible but keep in mind that TDI owners are “being made whole” according to the settlement and so I don’t think there is the possibility of them targeting this group with anything more than what they agreed to under the court approved settlement. Plus, I just don’t see how they would actively turn away customers who would be willing to pay the same price as an affected buyback customer; at this point VW is already losing money no matter what so their gameplan is supposedly to put more butts in seats at highly subsidized prices so that when they rebound before those leases are up (which they will, dieselgate is already dying down) they have an easier time keeping you in a VW.
And yeah, thats a ridiculous price for a Jetta. To give you an idea I cross shopped an Infinity Q50 two weeks ago and got an offer of $340/mo + tax with about $1,200 drive off (including first month) on a $47k MSRP car, 39mo/10k mi. Those are strong numbers for a buyer, those jetta numbers are strong for the dealer. Keep shopping.
Thanks for the feedback. Got it down to $288/mo including tax now.
Does it make any difference that I’m in California? I’ve got that $1750 incentive as part of the deal (no grad bonus) but the gross cap includes that $680 as well as acquisition and doc fees. Residual is closer to 52% on my deal too. I’m not getting any lower offers around here, LA and SF.
Can you break down exactly what fees you are paying and what the $680 “end of lease fees” are for?
It looks like roughly $2000 in various fees are being added. Acquisition is $625, doc is $80, registration should be in the low $200s.
Also verify what MF they are using (that doesn’t really seem to be the problem though).
$288 is still way too high. You should aim for at least 15% off for selling price, including incentive.
$680 (mostly to replace bumper on current lease even though first inspection quoted $135) + $625 acquisition + $355 title, license, reg. + $37 sales tax on down
got an offer for a 2017 Jetta SE for 224.07 for 36/10k. Don’t have MF or RV yet, but does this sound decent?
Did you end up leasing it? What was the down payment?